Transfer officially obtains Singapore’s large payment institution license
Posted: Wed Jan 22, 2025 8:57 am
Transfer, the world's leading and China's No. 1 B2B cross-border trade payment platform , is pleased to announce that it has been awarded the Large Payments Certificate by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Institutional License (MPI). This important milestone solidifies XTransfer’s leading position in the B2B cross-border payments industry. The Monetary Authority of Singapore will officially issue the license on January 1, 2025.
With the MPI license, XTransfer can provide services including account opening, local remittance, cross-border remittance, electronic currency issuance and other services to meet the growing demand for safe laos whatsapp mobile phone number list and convenient cross-border payment solutions in the region. The comprehensive payment solution is expected to be launched in Singapore soon. Services include fast account opening, convenient top-up, flexible currency exchange, and simplified cross-border collection and payment solutions tailored for foreign trade SMEs in Singapore.
XTransfer was founded in 2017. Over the years, it has been committed to using technology as a bridge to connect large financial institutions and small and medium-sized enterprises around the world, providing them with safe, compliant, fast, convenient, and low-cost cross-border trade collection and payment solutions. At present, it has accumulated more than 550,000 corporate customers and has become the number one platform in China's industry.
Transfer is expanding its business globally. Our one-stop multi-currency accounts cover more than 200 countries/regions and more than 15 currencies. Currently, trading companies around the world are beginning to use the company's services. When both buyers and sellers use XTransfer accounts, the payment can be received in seconds 7x24 in a safe and compliant manner. It is expected to save 95% of remittance fees and 80% of exchange costs, and achieve unimpeded flow of trade funds throughout the process.
In recent years, trade exchanges between China and ASEAN have become increasingly close. XTransfer aims to respond to the growth of international trade between small and medium-sized enterprises and help them seize opportunities in trade and capital flows between.
With the MPI license, XTransfer can provide services including account opening, local remittance, cross-border remittance, electronic currency issuance and other services to meet the growing demand for safe laos whatsapp mobile phone number list and convenient cross-border payment solutions in the region. The comprehensive payment solution is expected to be launched in Singapore soon. Services include fast account opening, convenient top-up, flexible currency exchange, and simplified cross-border collection and payment solutions tailored for foreign trade SMEs in Singapore.
XTransfer was founded in 2017. Over the years, it has been committed to using technology as a bridge to connect large financial institutions and small and medium-sized enterprises around the world, providing them with safe, compliant, fast, convenient, and low-cost cross-border trade collection and payment solutions. At present, it has accumulated more than 550,000 corporate customers and has become the number one platform in China's industry.
Transfer is expanding its business globally. Our one-stop multi-currency accounts cover more than 200 countries/regions and more than 15 currencies. Currently, trading companies around the world are beginning to use the company's services. When both buyers and sellers use XTransfer accounts, the payment can be received in seconds 7x24 in a safe and compliant manner. It is expected to save 95% of remittance fees and 80% of exchange costs, and achieve unimpeded flow of trade funds throughout the process.
In recent years, trade exchanges between China and ASEAN have become increasingly close. XTransfer aims to respond to the growth of international trade between small and medium-sized enterprises and help them seize opportunities in trade and capital flows between.